AirAsia X Bhd (5238) - Total Assets
Based on the latest financial reports, AirAsia X Bhd (5238) holds total assets worth RM42.65 Billion MYR (≈ $10.71 Billion USD) as of March 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Also see 5238 cash flow metrics for how efficiently the company converts equity into cash flow.
AirAsia X Bhd - Total Assets Trend (2012–2025)
This chart illustrates how AirAsia X Bhd's total assets have evolved over time, based on quarterly financial data. See 5238 stock price for real-time trading data and today's change.
AirAsia X Bhd - Asset Composition Analysis
Current Asset Composition (December 2025)
AirAsia X Bhd's total assets of RM42.65 Billion consist of 34.4% current assets and 65.6% non-current assets. Explore 5238 working capital ratio to assess how much short-term liquidity the company maintains relative to its equity base.
| Asset Category | Amount (MYR) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | RM0.00 | 2.5% |
| Accounts Receivable | RM697.83 Million | 20.2% |
| Inventory | RM12.86 Million | 0.4% |
| Property, Plant & Equipment | RM0.00 | 0.0% |
| Intangible Assets | RM0.00 | 0.0% |
| Goodwill | RM0.00 | 0.0% |
Asset Composition Trend (2012–2025)
This chart illustrates how AirAsia X Bhd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: AirAsia X Bhd's current assets represent 34.4% of total assets in 2025, an increase from 13.3% in 2012.
- Cash Position: Cash and equivalents constituted 2.5% of total assets in 2025, down from 4.7% in 2012.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2012.
- Asset Diversification: The largest asset category is accounts receivable at 20.2% of total assets.
AirAsia X Bhd Competitors by Total Assets
Key competitors of AirAsia X Bhd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
LATAM Airlines Group S.A.
NYSE:LTM
|
USA | $18.71 Billion |
|
Copa Holdings S.A
F:C2H
|
Germany | €6.58 Billion |
|
WIZZ AIR HLDG.UNSP.ADR/4
F:WI20
|
Germany | €11.27 Billion |
|
Tigerair Taiwan Co. Ltd.
TW:6757
|
Taiwan | NT$28.69 Billion |
|
Asia Aviation Public Company Limited
BK:AAV-R
|
Thailand | ฿78.60 Billion |
|
Qantas Airways Ltd
AU:QAN
|
Australia | AU$23.89 Billion |
|
Virgin Australia Holdings Ltd
AU:VGN
|
Australia | AU$4.87 Billion |
|
Air New Zealand Ltd
AU:AIZ
|
Australia | AU$9.14 Billion |
AirAsia X Bhd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.23 | 0.65 | 0.01 |
| Quick Ratio | 0.22 | 0.64 | 0.01 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | RM-14.96 Billion | RM-428.29 Million | RM-34.21 Billion |
AirAsia X Bhd - Advanced Valuation Insights
This section examines the relationship between AirAsia X Bhd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 3.97 |
| Latest Market Cap to Assets Ratio | 0.12 |
| Asset Growth Rate (YoY) | 6.3% |
| Total Assets | RM3.45 Billion |
| Market Capitalization | $400.80 Million USD |
Valuation Analysis
Below Book Valuation: The market values AirAsia X Bhd's assets below their book value (0.12x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: AirAsia X Bhd's assets grew by 6.3% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for AirAsia X Bhd (2012–2025)
The table below shows the annual total assets of AirAsia X Bhd from 2012 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | RM3.45 Billion ≈ $866.02 Million |
+6.25% |
| 2024-12-31 | RM3.25 Billion ≈ $815.06 Million |
+3.47% |
| 2023-12-31 | RM3.14 Billion ≈ $787.74 Million |
+26.37% |
| 2022-12-31 | RM2.48 Billion ≈ $623.35 Million |
+27.69% |
| 2020-12-31 | RM1.94 Billion ≈ $488.19 Million |
-79.64% |
| 2019-12-31 | RM9.55 Billion ≈ $2.40 Billion |
+120.02% |
| 2018-12-31 | RM4.34 Billion ≈ $1.09 Billion |
-8.87% |
| 2017-12-31 | RM4.76 Billion ≈ $1.20 Billion |
+1.97% |
| 2016-12-31 | RM4.67 Billion ≈ $1.17 Billion |
+11.71% |
| 2015-12-31 | RM4.18 Billion ≈ $1.05 Billion |
+11.95% |
| 2014-12-31 | RM3.74 Billion ≈ $937.99 Million |
-6.65% |
| 2013-12-31 | RM4.00 Billion ≈ $1.00 Billion |
+64.83% |
| 2012-12-31 | RM2.43 Billion ≈ $609.59 Million |
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About AirAsia X Bhd
AirAsia Group Berhad, together with its subsidiaries, provides long haul air transportation services under the AirAsia brand in Malaysia, Thailand, and Indonesia. It offers logistical management and marketing services; and leases aircraft facilities, as well as commercial air transport services. The company was formerly known as AirAsia X Berhad and changed its name to AirAsia Group Berhad in Jul… Read more